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Evening Standard
Evening Standard
Business
Jonathan Prynn

New York private equity giant KKR pulls out of Thames Water rescue

Thames Water KKR Thames New York Ofwat

New York private equity giant KKR today dramatically pulled out of a financial rescue plan for heavily indebted Thames Water.

The latest blow for Britain’s biggest water supplier came when it revealed that KKR “has indicated that it will not be in a position to proceed” with its proposal.

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